In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
The term Great Neck is commonly applied to a peninsula on the North Shore of Long Island, containing the Village of Great Neck as well as an area south of the peninsula near Lake Success. The larger Great Neck area comprises a residential community of some 40,000 people made up of nine villages, as well as hamlets of North Hempstead, of which Great Neck is the northwestern quadrant. Larger Great Neck has a single postal zone and a school district. The hamlets are census-designated places that consolidate various unincorporated areas. They are statistical entities and are not recognized locally. However, there are locally recognized Harbor Hills, Saddle Rock Estates, University Gardens, and Manhasset neighborhoods within the hamlet areas. The Manhasset neighborhood (in zip code 11030) is not considered part of Great Neck. The part of the Hamlet of Manhasset that is considered part of Great Neck includes the Great Neck Manor neighborhood. There is no neighborhood known as Great Neck Gardens. Larger Great Neck is a 25-minute commute from Manhattan's Penn Station on the Port Washington Branch of the Long Island Rail Road via the Great Neck station, which is one of the most frequently served in the entire system. Long Island Bus connects the villages to the train station and offers service to several destinations in Nassau and Queens from the station, while the southern part of the Great Neck area can also directly access the Q46 New York City Bus on Union Turnpike at the border with Glen Oaks and the Q12 bus on Northern Boulevard at the border with Little Neck.